SPX...Are we heading to 1250 ???

We seem to be long in the tooth here. Thing that concerns me is that many seem to think that 1100-20 area (which is 50% bear mrkt retracement, LT trendline resistance) is gonna cap this market. Looking at the weekly if they can get & keep this over 1100, we may be looking at a run to that high volume weekly target around 1250 area. May also have that reverse H&S pattern targeting same area.

Edited by JGUITARSLIM, 19 October 2009 - 08:42 PM.